Check Out 3 Industrials Stocks With Over 5% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three high-yielding industrial stocks with over 5% dividend yields have been identified by Wall Street's most accurate analysts. Diana Shipping Inc. (DSX) has a 14.71% dividend yield, 3M Company (MMM) has a 5.96% dividend yield, and Costamare Inc. (CMRE) has a 5.03% dividend yield.
June 09, 2023 | 12:15 pm
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NEGATIVE IMPACT
Costamare Inc. (CMRE) has a 5.03% dividend yield. Jefferies analyst Omar Nokta downgraded the stock from Buy to Hold and cut the price target from $15 to $10, while Stifel analyst Benjamin Nolan downgraded the stock from Buy to Hold and cut the price target from $12.5 to $11.
CMRE's dividend yield is attractive, but the downgraded analyst ratings and lowered price targets indicate a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
3M Company (MMM) has a 5.96% dividend yield. UBS analyst Markus Mittermaier maintained a Neutral rating and cut the price target from $115 to $95, while Morgan Stanley analyst Joshua Pokrzywinski maintained an Underweight rating and cut the price target from $103 to $102.
MMM's dividend yield is appealing, but the negative analyst ratings and lowered price targets suggest a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Diana Shipping Inc. (DSX) has a 14.71% dividend yield. Jefferies analyst Omar Nokta reiterated a Hold rating with a price target of $4, while Stifel analyst Benjamin Nolan maintained a Buy rating and cut the price target from $8 to $7.
DSX's high dividend yield is attractive to investors, but the mixed analyst ratings suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100